Senate Republicans narrowly approved a multitrillion-dollar tax and spending cuts framework, with a vote of 51-48 largely along party lines but facing dissent from Senators Collins and Paul. This decision occurs amid economic turbulence due to Trump's tariffs, which have raised concerns over potential recession. The approval enables Republicans to pursue tax cuts in Congress, echoing their approach during Trump's first term. Democrats opposed the bill, proposing amendments aimed at protecting social programs and countering Trump's policies, which they argue benefit the wealthy at the expense of essential safety nets.
The approval of the $5 trillion tax cuts and spending cuts framework by Senate Republicans represents a significant move towards Trump's central economic agenda despite severe bipartisan opposition.
Despite dissent from two Republicans, Senate leaders pushed through a tax reform plan that aims to mitigate the growing economic discontent amid fears of a recession.
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